Dec. 2 (Bloomberg) -- Agrowill Group AB, a Lithuanian
agribusiness holding company, fell the most in two years on the
Nasdaq OMX Vilnius bourse after reporting a third-quarter loss.

The stock fell as much as 18 percent, the most since Aug.
9, 2011, and traded down 17 percent at a four-month low of 0.183
euro at 11:30 a.m. in Vilnius. Volume of 100,239 shares was more
than twice the three-month daily average, according to data
compiled by Bloomberg.

Agrowill had a 1.8 million-litai ($702,000) net loss
attributable to equity holders in the July through September
period, compared with profit of 10.7 million litai in the same
period last year, the group said in a statement after trading on
Nov. 29. Sales for the company’s agriculture units in Lithuania,
Russia and Moldova increased 17 percent to 32 million litai, it
said.

Lower grain prices reduced income from crop sales even as
input costs rose this year, Chairman of the Board Vladas
Bagavicius said in the statement.

“Profitability was further decreased by the reduction in
European Union and state subsidies,” he said.

The company hadn’t traded today on the Warsaw Stock
Exchange, where its shares are also listed. It closed unchanged
in Warsaw on Nov. 29 at 0.89 zloty.